Stephen Smith Acquires 60,000 Shares of Prs Reit (LON:PRSR) Stock

Prs Reit (LON:PRSR) insider Stephen Smith acquired 60,000 shares of Prs Reit stock in a transaction that occurred on Wednesday, June 26th. The stock was acquired at an average cost of GBX 77 ($0.98) per share, for a total transaction of £46,200 ($58,607.13).

Prs Reit Stock Performance

Shares of Prs Reit stock opened at GBX 75.10 ($0.95) on Friday. The company has a quick ratio of 0.39, a current ratio of 0.14 and a debt-to-equity ratio of 56.87. Prs Reit has a twelve month low of GBX 65.50 ($0.83) and a twelve month high of GBX 88.50 ($1.12). The stock has a market cap of £412.49 million, a price-to-earnings ratio of 938.75, a P/E/G ratio of 0.34 and a beta of 0.49. The company’s fifty day moving average is GBX 78.78 and its 200 day moving average is GBX 79.85.

Prs Reit Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, May 31st. Investors of record on Thursday, May 9th were paid a GBX 1 ($0.01) dividend. The ex-dividend date was Thursday, May 9th. This represents a dividend yield of 1.27%. Prs Reit’s dividend payout ratio is 5,000.00%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 114 ($1.45) price objective on shares of Prs Reit in a research note on Wednesday, March 20th.

Prs Reit Company Profile

The PRS REIT plc is a closed-ended real estate investment trust established to invest in the Private Rented Sector ("PRS") and to provide shareholders with an attractive level of income together with the potential for capital and income growth. The Company has investment of over £1bn in a portfolio of high-quality homes for private rental across the regions, having raised a total of £0.56bn (gross) through its Initial Public Offering, on 31 May 2017 and subsequent fundraisings in February 2018 and September 2021.